The story of this market
The typical home in ZIP 47320 sells for about $187,097, or $112 per square foot.
Prices are up +13.6% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $667 a month.
ZIP 47320 — Albany
The market in 47320 is currently in an expansion phase with year-over-year price growth of 13.6%. While inventory remains limited, the area is characterized by high owner-occupancy and affordability relative to national benchmarks. Several metrics, including specific months of supply and detailed tax data, are not currently published at the ZIP level.
This ZIP is primarily suited for family buyers and those seeking affordable, single-family detached housing in a rural-suburban setting.
Median prices moved up 13.6% year over year.
Homes spend a median of 37 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 6.7% — a stable, low-distress profile.
ZCTA 47320
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Data retrieved from ZCTA-level census profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.